67-3-404 - Export exemption.

67-3-404. Export exemption.

There shall be exempt from nineteen-twentieths (19/20) of the special privilege tax imposed by § 67-3-203, and from all other taxes and fees imposed in part 2 of this chapter, the following:

     (1)  All bulk exports of petroleum products; and

     (2)  All exports of petroleum products within the vehicle fuel supply tanks of locomotives and airplanes.

[Acts 1997, ch. 316, § 1; T.C.A., § 67-3-1504.]